The Treasury Department should “assess” whether the Committee on Foreign Investment in the U.S. has the jurisdiction to review the Saudi-backed LIV Golf’s purchase of the PGA Tour, two Democrats said in a June 16 letter to Treasury Secretary Yellen. Sen. Sherrod Brown, chair of the Senate Banking Committee, and Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, said that if CFIUS has jurisdiction over the deal, the committee should “resolve any national security risks related to the transaction.”
The chairmen of the House Small Business Committee and the House Select Committee on China are asking for a detailed briefing by the end of June on DOJ's efforts to combat Chinese intellectual property theft.
A bipartisan bill introduced in the Senate this week could lead to new sanctions against “foreign persons” committing human rights violations against “lesbian, gay, bisexual, transgender, and intersex (LGBTI) individuals.” The bill was introduced June 13 by Sen. Jeanne Shaheen, D-N.H., and so far has seven co-sponsors. The text wasn’t yet available at deadline.
Lawmakers reintroduced a bipartisan bill in the Senate and House this week that could help the U.S. use sanctioned Russian assets to assist with Ukraine’s reconstruction efforts. The Rebuilding Economic Prosperity and Opportunity for Ukrainians Act also would block the release of sanctioned Russian funds until Moscow withdraws from Ukraine and agrees to provide compensation for the damage it caused, and it also would give the State Department more resources to coordinate with allies about confiscating Russian assets.
Lawmakers in the Senate and House this week reintroduced a bill that could require the Commerce Department to block exports of sensitive personal data to certain high-risk countries (see 2306010042). The Protecting Americans’ Data from Foreign Surveillance Act, originally introduced during the last Congress, would also look to restrict personal data exports by firms, such as TikTok, “directly to restricted foreign governments, to parent companies in restricted foreign countries” and to parties designated on Commerce’s Entity List. Export penalties would apply to “senior executives who knew or should have known that employees below them were directed to illegally export Americans’ personal data.”
Treasury Secretary Janet Yellen declined to say this week whether the Committee on Foreign Investment in the U.S. would look into the Saudi-backed LIV Golf’s purchase of the PGA Tour despite several lawmakers urging CFIUS to review the deal. Yellen, speaking during a June 13 House Financial Services Committee hearing, said she couldn't comment on a potential review because there are “very strict rules of confidentiality,” but suggested the committee would review the acquisition if it implicated U.S. national security.
A bill that approves the Taiwan trade initiative, but says it cannot take effect until the administration submits an economic analysis of its effects and answers questions from Congress on implementation, passed out of the House Ways and Means Committee on a 42-0 vote.
The Treasury Department should sanction Russian state-owned nuclear company Rosatom, a “major source of funds” for Moscow and “one of the only largely unsanctioned Russian energy companies,” said Gregory Meeks, the House Foreign Affairs Committee’s top Democrat. Meeks, speaking during a June 13 House Financial Services Committee hearing, pointed to his bill introduced last month that would require the administration to designate Rosatom (see 2305120015).
Just after the administration asked the International Trade Commission to examine the emissions intensity of the steel and aluminum sectors, a bipartisan bill was introduced in the Senate to tell the Energy Department to conduct a comprehensive study of the emissions from the production of aluminum, cement, iron and steel, plastic, and products made from all those materials, fertilizer, glass, lithium-ion batteries, paper and pulp, solar panels and cells, wind turbines, crude oil, refined oil products, natural gas, hydrogen, refined critical minerals and uranium.
House Democrats introduced a bill last week that they said will help facilitate the transfer of two Virginia-class nuclear-powered submarines from the U.S. to Australia as part of the Australia-U.K.-U.S. (AUKUS) partnership. The AUKUS Undersea Defense Act would also authorize “the training of Australian private sector defense personnel,” the lawmakers said.